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Smith Labs performs a specialty lab test for local companies for $55 per test. For the upcoming quarter, Smith Labs is projecting the following sales:
Smith Labs performs a specialty lab test for local companies for $55 per test. For the upcoming quarter, Smith Labs is projecting the following sales: January February March 5,200 4,200 5,100 Number of lab tests Budgeted Income Statement For the Quarter Ended March 31 January February March Quarter Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less Income tax expense Net income Enter any number in the edit flelds and then continue to the next
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